Euronews
Europe · 2 hrs ago
✦ 78✓ Factual
German state to secure 40% stake in KNDS weapons firm, sources say
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Germany is acquiring a 40% stake in KNDS, the Franco-German weapons manufacturer formed from the merger of Nexter and Krauss-Maffei Wegmann, with plans to reduce its shareholding to 30% within two to three years.
German state to secure 40% stake in KNDS weapons firm, sources say
The KNDS weapons group is a merger between France’s Nexter and Germany’s Krauss-Maffei Wegmann weapons firms. The German state is set to initially own 40% of the company with plans to reduce its stake to 30% within two to three years.
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